H & O CONCEPTS: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
H & O CONCEPTS
Largest movements
- Cash -€10,418
down €10,418 (-49.8%), from €20,914 to €10,497
mainly Net result for the year (-€17,320) and Receivables within one year (-€8,501)
- Receivables within one year +€8,501
up €8,501 (+213%), from €3,984 to €12,485
of which Trade receivables: +€8,423
- Tangible fixed assets -€4,451
down €4,451 (-48.0%), from €9,274 to €4,823
of which Plant, machinery and equipment: -€3,347
- Deferred charges and accrued income +€497
up €497 (+27.4%), from €1,812 to €2,309
- Profit (loss) carried forward -€17,320
down €17,320 (-108%), from -€16,110 to -€33,430
- Other debts +€14,227
up €14,227 (+108%), from €13,127 to €27,354
- Tax, wage and social debts -€3,798
down €3,798 (-40.4%), from €9,399 to €5,601
of which Remuneration and social security: -€3,700
- Trade debts +€1,571
up €1,571 (+93.0%), from €1,690 to €3,261
- Gross operating margin -€16,406
down €16,406, from €7,746 to -€8,660
- Financial charges +€2,036
up €2,036 (+115%), from €1,775 to €3,811
- Financial income -€1,038
down €1,038 (-50.8%), from €2,043 to €1,005
- Depreciation +€205
up €205 (+8.0%), from €2,573 to €2,778
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €46,621 | €40,845 | -€5,776 | -12.4% |
| Fixed assets | 21/28 | €14,349 | €9,898 | -€4,451 | -31.0% |
| Tangible fixed assets | 22/27 | €9,274 | €4,823 | -€4,451 | -48.0% |
| Plant, machinery and equipment | 23 | €6,760 | €3,413 | -€3,347 | -49.5% |
| Furniture and vehicles | 24 | €2,514 | €1,410 | -€1,104 | -43.9% |
| Financial fixed assets | 28 | €5,075 | €5,075 | = | 0.0% |
| Current assets | 29/58 | €32,272 | €30,947 | -€1,324 | -4.1% |
| Stocks and contracts in progress | 3 | €5,561 | €5,656 | +€96 | +1.7% |
| Stocks | 30/36 | €5,561 | €5,656 | +€96 | +1.7% |
| Amounts receivable within one year | 40/41 | €3,984 | €12,485 | +€8,501 | +213% |
| Trade receivables | 40 | €3,984 | €12,408 | +€8,423 | +211% |
| Other amounts receivable | 41 | €0 | €78 | +€78 | |
| Cash at bank and in hand | 54/58 | €20,914 | €10,497 | -€10,418 | -49.8% |
| Deferred charges and accrued income | 490/1 | €1,812 | €2,309 | +€497 | +27.4% |
| Total equity and liabilities | 10/49 | €46,621 | €40,845 | -€5,776 | -12.4% |
| Equity | 10/15 | €21,948 | €4,628 | -€17,320 | -78.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €19,458 | €19,458 | = | 0.0% |
| Distributable reserves | 133 | €19,458 | €19,458 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€16,110 | -€33,430 | -€17,320 | -108% |
| Amounts payable | 17/49 | €24,672 | €36,217 | +€11,544 | +46.8% |
| Amounts payable within one year | 42/48 | €24,216 | €36,217 | +€12,000 | +49.6% |
| Trade debts | 44 | €1,690 | €3,261 | +€1,571 | +93.0% |
| Suppliers | 440/4 | €1,690 | €3,261 | +€1,571 | +93.0% |
| Taxes, remuneration and social security | 45 | €9,399 | €5,601 | -€3,798 | -40.4% |
| Taxes | 450/3 | €3,799 | €3,701 | -€98 | -2.6% |
| Remuneration and social security | 454/9 | €5,600 | €1,900 | -€3,700 | -66.1% |
| Other amounts payable | 47/48 | €13,127 | €27,354 | +€14,227 | +108% |
| Accrued charges and deferred income | 492/3 | €456 | €0 | -€456 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,573 | €2,778 | +€205 | +8.0% |
| Other operating charges | 640/8 | €1,163 | €1,094 | -€69 | -5.9% |
| Non-recurring operating charges | 66A | - | €1,674 | +€1,674 | |
| Gross operating margin | 9900 | €7,746 | -€8,660 | -€16,406 | |
| Operating profit (loss) | 9901 | €4,011 | -€14,206 | -€18,216 | |
| Financial income | 75/76B | €2,043 | €1,005 | -€1,038 | -50.8% |
| Recurring financial income | 75 | €2,043 | €1,005 | -€1,038 | -50.8% |
| Financial charges | 65/66B | €1,775 | €3,811 | +€2,036 | +115% |
| Recurring financial charges | 65 | €1,775 | €3,811 | +€2,036 | +115% |
| Profit (loss) for the period before taxes | 9903 | €4,279 | -€17,012 | -€21,290 | |
| Income taxes | 67/77 | €283 | €308 | +€25 | +9.0% |
| Profit (loss) for the period | 9904 | €3,996 | -€17,320 | -€21,316 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,996 | -€17,320 | -€21,316 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.